🖊️ PHARRELL Joins Blue Chip NFT Project Team!!- 22nd June, 2022

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24hr Market Overview 📈

NFT Market Recap

On Tuesday, Opensea traded $20.79 million which is the second day of slightly increased trading volume from the lows. It was a fairly mixed day in terms of floor movements, with some projects retracing and others continuing to see gains.

After the Bored Ape drama and accusations that were thrown around over the past few days. The individual behind the original accusations, Ryder Ripps, had released his own copycat collection of Bored Apes called RR/BAYC.

RR/BAYC saw huge trading volume yesterday, with the floor reaching a high of 2 ETH at the peak of the hype whilst the project was the most traded project on Opensea. This all came crashing to a halt as the project has since been delisted from Opensea. The collection is still available on X2Y2 however we don't foresee it returning to previous highs, currently sitting at a 0.4 ETH floor.

The biggest projects, including Bored Ape Yacht Club (84 ETH, -6.13%) and Cryptopunks (66 ETH, -2.22%) saw small retracements in price.

Doodles (14.68 ETH, +10.54%) saw solid gains and was also one of the highest traded projects of the day, this comes as Doodles officially announced Doodles 2 at NFY NYC, check out the trailer below!

Other movements in floor price that we saw include:

• Azuki | 12.49 ETH, +4.26%

• Cool Cats | 4.43 ETH, +1.61%

• ETHlizards | 1.49 ETH, +4.27%

• Everai Heroes: Duo | 0.53 ETH, +24.71%

Biggest Purchases

🥇 #1) CryptoPunk 9001 bought for 333.3 ETH ($388,456.20)| Link

🥈 #2) Otherdeed #53082 bought for 158.175 ETH ($177,967.00)| Link

🥉 #3) CryptoPunk 6895 bought for 129 ETH ($149,121.82)| Link

Latest NFT News 📰

🖊️ According to Decrypt, "Ethereum NFT project Doodles made a pair of significant announcements at an event hosted alongside the NFT NYC conference tonight, revealing that musician and producer Pharrell Williams will join the project and that it has raised its first round of funding led by venture capital firm Seven Seven Six".

🧑‍💼 Noah Davis, the head of digital sales at Christie’s who helped initiate the NFT boom in the art world, will leaving the auction house to work on CryptoPunks, a hugely popular NFT collection. Davis wrote on twitter, "I’m humbled and honored to announce I’ll be leaving my current post in July to steward the CryptoPunks as Brand Lead under the umbrella of @yugalabs".

Today's Biggest Drops 👀

👻 There's nothing worth minting on our radar today - it's been a slow week so keep that capital safe - check back tomorrow!

Meme of the Day 🤣

Credit: (twitter.com/paoloardoino)